Latest / Simply Bitcoin / Bitcoin To $400K?! (Why You NEED to Prepare NOW) | Simply Originals
Transcript
- 0:00Bitcoin soared to new all time highs yesterday, annihilating
- 0:04shorts. They got absolutely wrecked.
- 0:07Wait, but then lungs got wrecked too.
- 0:15Do you see what happens when you're not humble?
- 0:18Make no mistake, Bitcoin is about to go vertical.
- 0:21Bitcoin legend Max Keiser sees a 100% gain about to smack us in
- 0:27the face. And it doesn't stop there.
- 0:29We have massive news out of the White House, institutional and
- 0:33corporate accumulation and adoption exploding, and the
- 0:37greatest bull run of our lifetimes is ready to choke slam
- 0:41this state. Welcome back.
- 0:43I'm Rustin and you need to prepare now because what's
- 0:47coming is not for the faint of heart.
- 0:54Is the time it takes to go from zero to 10% adoption is the same
- 0:57time it takes to go from 10 to 90.
- 1:00That means the middle part of the curve is straight parabolic.
- 1:04And that's exactly what we're accelerating into right now.
- 1:08So we can look at Bitcoins growth and think it's happened
- 1:11pretty quickly, but it is just now about to start accelerating.
- 1:15So a lot of people are expecting that.
- 1:17Well, it can't keep going up forever at the same rate, right?
- 1:21I mean, Bitcoin is up 100% in the last year, 100% in the last
- 1:27three years. It's up 462%, almost 500% in
- 1:31three years. Over the last five years, it's
- 1:33up 1000%. We're talking over a 65%
- 1:39compounding annual growth rate or Kegar.
- 1:42So a lot of people thinking, well, can't keep that up
- 1:44forever. It's going to go to 20%, right?
- 1:46Maybe eventually, but not right now.
- 1:49As we accelerate through the S curve, we could see this asset
- 1:53start to reaccelerate and potentially have the Kegar even
- 1:57go up even faster than it is right now.
- 1:59So what we're witnessing is massive regulatory headwinds
- 2:03turning into tailwinds. We're witnessing banks and Wall
- 2:06Street institutions and ETFs and treasury companies coming in to
- 2:09save their retirees. And at the same time as that big
- 2:12money is pouring in, we're watching accelerate through the
- 2:14S curve into the parabolic phase of this cycle.
- 2:18Let's get it started in Washington.
- 2:20Old Jay Powell is in hot water, but look how bullish this is.
- 2:25The biggest rate cut in history is coming, and so is Powell's
- 2:29replacement. And the people's patience for
- 2:31Jerome and all of his shenanigans are wearing thin.
- 2:35The state is starving for the money printer and they will be
- 2:38getting it one way or another. The Bitcoin senator has had it
- 2:42as well, calling on Jerome Powell to resign.
- 2:44And there's more from the senator.
- 2:46A report on the Bitcoin Strategic Reserve and the
- 2:49Bitcoin Act could be imminent. Check out what the senator just
- 2:53said in Congress. So now we're at the point where
- 2:56from 2009 and where we are today, we have a mature industry
- 3:02that is asking us to provide clear rules of the road.
- 3:08And as people responsible for the government and as members of
- 3:15the Banking Committee, we're in the right place at the right
- 3:19time to help these innovators take their rightful place in the
- 3:23global economy. As an asset that is important to
- 3:28our country, that is important to individual freedom, that is
- 3:32important to the unbanked and underbanked.
- 3:35And that will make available to people the opportunity to grow
- 3:40assets that are capable of increasing in value, as opposed
- 3:45to our own U.S. dollar, which is by designed decreasing in value.
- 3:49Mr. Chairman, your leadership in this effort is deeply
- 3:53appreciated by me. Believe it or not, a massive
- 3:56awakening is taking place. People are beginning to notice
- 4:00things. Things like this.
- 4:02Bitcoin, not crypto. We even have senators educating
- 4:06CFTC chairs that there is no second best.
- 4:10Mr. Masai, just for your sake, I just want to clarify a couple
- 4:12things that you said to make sure you meant to say what you
- 4:14said. Did you call Bitcoin a native
- 4:16token? Yeah, it's often referred to as
- 4:19a native. In other words, Bitcoin and
- 4:22Ether referred to as native tokens.
- 4:23Of So you're saying ether and Bitcoin are the same?
- 4:27Well, I'm classifying both of them as what you call native
- 4:30tokens of the blockchain. So you're you're saying that a
- 4:33native token is how you would describe Bitcoin?
- 4:35It's already clear of that. It's a term that's used to
- 4:39describe when you have a blockchain and you have the
- 4:42token that allows you to use that blockchain.
- 4:45That's often called a native token.
- 4:47Yes, got it. And therein lies exactly why we
- 4:50need to have this market structure regulation.
- 4:52Because the idea that we would turn over this industry to some
- 4:58bureaucrat working at some agency is insane.
- 5:01Because that would make it so that no American company would
- 5:04ever invest in a digital asset company, United States of
- 5:07America. When you have people who are
- 5:09just completely not lacking the fundamental technical base.
- 5:14This reminds me of the Facebook ad where the little old lady is
- 5:17sitting there taking pictures off of physical wall and the guy
- 5:20saying, yeah, none of this works this way.
- 5:22Crypto Bitcoin is a commodity. So when Kaiser calls for 200 K
- 5:27Bitcoin by year's end, he's only being rational.
- 5:30But Bitcoin isn't stopping AT200K.
- 5:34You know it, I know it, Kaiser knows it, and a growing
- 5:37consensus does as well. Just look at these numbers.
- 5:40That's just Q2. Trillions in pensions are coming
- 5:44and investing in Bitcoin miners. Rumble is joining the revolution
- 5:49and taking value for value mainstream.
- 5:52And I can verify and met the commissioner of the Department
- 5:55of Revenue from the state of Alaska just last week.
- 5:58And I can tell you this, the man is bullish.
- 6:02Oh, and Speaking of Q2, I guess you could say Gigachad did
- 6:05pretty well reporting a $14 billion Bitcoin gain.
- 6:09Probably nothing. If it isn't apparent to you by
- 6:12now that all your models are about to get destroyed, you may
- 6:16need a lobotomy. And I have bad news for you if
- 6:20you're holding an ETF that isn't in the Fed.
- 6:23That's right, serenade them, You Beautiful legend.
- 6:27The end of the Fed is nigh, but Kaiser reminds us the state will
- 6:30not go quietly into to its good night.
- 6:33I mean what does 400K Bitcoin actually mean?
- 6:37Well here is what Max says and I think he's right.
- 6:40And This is why we preach self custody every single day.
- 6:44JD Vance hinted at nationalization of AI at Bitcoin
- 6:482025 and many of us saw this coming or can see this coming
- 6:52and why Max is not wrong here to speculate on the nationalization
- 6:56of public mining companies and this can apply as well to
- 7:00Bitcoin not in self custody and held on exchanges or treasuries
- 7:05or ETFs. They're all conveniently stored
- 7:09for the US government to seize from basically a single
- 7:12honeypot. Now here is what you need to do
- 7:15about it because a government that persecutes open source
- 7:20developers while simultaneously protecting the most evil members
- 7:24of our society. Well, that is not something to
- 7:28be trusted, but that is also why Bitcoin changes everything.
- 7:32Self custody is the revolution and you can secure your Bitcoin
- 7:36in cold storage with the cold card queue.
- 7:39If sketchy exchanges, locked withdrawals, hacks and six one O
- 7:432 orders keep you up at night, well, you can sleep well at
- 7:46night knowing your sats are stored on a signing device.
- 7:49Serious about security? Grab a cold card today.
- 7:52Use the link below and don't forget to use code simply for 5%
- 7:57off. And if you need any help setting
- 7:59up your cold card, getting your privacy protected or getting
- 8:02Bitcoin from an exchange into self custody, our friends over
- 8:06at the Bitcoin Way have got you covered.
- 8:08No tech skills needed. They will guide you from start
- 8:11to finish on your Bitcoin journey towards sovereignty.
- 8:15You can schedule a free 30 minute consultation with the
- 8:17best in Bitcoin support and services using that link in the
- 8:21show notes. My friends, there is no stopping
- 8:24inevitability. It was foretold.
- 8:27Every country in the world will eventually make Bitcoin legal
- 8:32tender. The only difference will be at
- 8:34what price. We have El Salvador making the
- 8:38move in the 30,000 to $40,000 range in the United States.
- 8:43That may wait for until it's at 51015 million a coin before they
- 8:47finally wake up. In any case, it's all good for
- 8:51Bitcoin hodlers. When these countries have
- 8:54finally wake up, you know it's up to them.
- 8:56It doesn't even matter if it becomes legal tender.
- 8:59The fact is the inevitability of it being the world reserve
- 9:03currency is inevitable. It will be the global trade
- 9:06settlement layer no matter what. It is layer one money.
- 9:10There have only been two other layer one monies before.
- 9:14That's U.S. Treasuries and gold.
- 9:16So here we have Bitcoin, and it is the inevitability of Bitcoin
- 9:20that is certain. The hash war is heating up and
- 9:23the biggest Bitcoin mining event of the year is heading to
- 9:25Dallas, TX November 11th through the 13th.
- 9:29See the latest innovations, hear from industry leaders and catch
- 9:32simply Bitcoin at the news desk. We hope to see you there and
- 9:35don't forget to use promo code simply Bitcoin for 20% off.
- 9:39Hey, hope you guys enjoyed this one.
- 9:41Don't forget to like, subscribe and give us a pan share the
- 9:44sound money gospel and stay tuned because we get a lot more
- 9:47coming your way. Love you guys, catch you Monday.
- 9:50If you prefer to go down with the ship, you.